Finished goods inventory is $182,000. If overhead applied to these goods is $75,000, and the overhead rate is 120% of direct labor, how much direct materials cost
was incurred in producing the inventory? (Round your intermediate calculations and final answer to nearest whole dollar.)

Answers

Answer 1

Answer:Direct Material cost To the nearest whole dollar becomes $45,000

Explanation:

Given that Total cost in the finished goods inventory = $182,000

Total cost = Direct Material cost  + Direct Labor cost + Overhead rate cost

But Overhead rate cost = 120% of labor cost

Since Over head cost = $75,000

Direct labor cost = $75,000/ 120%=$62,500

Total cost = Direct Material cost  + Direct Labor cost + Overhead rate cost

$182,000 = Direct Material cost+ $62,500+ $75,000

Direct Material cost = $182,000 - ( 62,500+75,000)

Direct Material cost = $182,000 -$137,500

Direct Material cost = $44,500

To the nearest whole dollar becomes $45,000


Related Questions

no
money so I had to refuse her.
16. I'd like to have helped my friend, but I had very
a few
b. little
c. many
d. much
e. Some​

Answers

The answer is: few. i think im not sure

The sum of all five terms of an arithmetic sequence is $55$. Find the sum of the first three terms of the sequence if the sum of the last three is $48$.

Answers

Answer:

18

Explanation:

The first step is to calculate the third term

= 55/5

= 11

The next step is to calculate the sun of last two terms

= sum of last three terms-third term

= 48-11

= 37

Therefore the sum of the first three terms can be calculated as follows

= 55-37

= 18

Hence the sum of the first three terms is 18

Other things remaining the same, if the average aggregate inventory value goes down, then Multiple Choice inventory turnover ratio stay the same, but weeks of supply will go down. inventory turnover ratio and weeks of supply will both go up. inventory turnover ratio will go down, but the weeks of supply will stay the same. inventory turnover ratio and weeks of supply will both go down. inventory turnover ratio will go up, but weeks of supply will go down.

Answers

Answer:

Inventory turnover ratio will go down, but the weeks of supply will go up.

Explanation:

Average aggregate inventory value can be regarded as term that give description of inventory that is been held in stock. These inventory could be

work in process as well as raw materials, and finished goods, whereby all are been valued at a cost.

Inventory turnover can be regarded as financial ratio that display number of times in which a company sold or replace their inventory during a specific time period. It should be noted that Other things remaining the same, if the average aggregate inventory value goes down, Inventory turnover ratio will go down, but the weeks of supply will go up.

A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these books?

Answers

Answer:

50% is the correct answer

Explanation:

Answer:50

Explanation:

just took the test

Billie Eilish,Or the purge for halloween i need help deciding.

Answers

Answer: the purge

Explanation: ur welcome

Answer:

i say billie bc everyone does the purge

Explanation:

what kind of cloth is used in wiping spilled oils during cleaning?​

Answers

Answer:

You can use a damp cloth or a dry cloth

Answer:

The answer is Oiled cloth or Dry cloth

Explanation:

Absorbent materials/clothes like Cotton balls, Dish detergent, Paper towels, Plastic wrap, Sponge pieces, Styrofoam, or Shredded paper.

Hope this helps!! ;)

what does revenue mean in accounting?
a. cash
b. profit
c. debit
d. customer sales

Answers

Answer:

b

Explanation:

hope itttttt helps

snack Ska BMX she

a company has designed a new product and tested the prototype. what is the next step in product development?

Answers

Answer:

They have to test it before it can be put out on the market

how to make a business title​

Answers

Answer:

In this article, we'll give you eighteen tips for coming up with a great business name.

Use acronyms.

Create mash-ups.

Get inspiration from mythology and literature.

Use foreign words.

Use your own name.

Take a look at a map.

Mix things up.

Partner with another company.

Answer:

try to make it catchy, but relevant to your subject. its easy to remember, not hard to spell, and remember it doesn't have to really really cool, as long as it makes sense, and is easy to remember

Explanation:

4. Marsha qualifies for the recovery rebate credit of $500 for Shelby. True are false

Answers

Answer:

The answer is "False".

Explanation:

In this question, the given statement is false because the maximum claim for rewards by Economic Repercussions is [tex]\$ 1200 \ \ and\ \ \$ 2400[/tex] Return filed in connection with this), plus [tex]\$ 500[/tex] for children under the CARES Legislation and the Economic Consequences Payment. Consequently, Marsha is liable for Shelby's [tex]$1200[/tex] recovery reimbursement credit.

An investment of 1 will double in 15.142 years at a force of interest, δ. An investment of 1 will increase to 3 in n years at the same force of interest. Find n to the nearest whole number.

Answers

Answer:

24 years

Explanation:

Nper = 15.142

PMT = 0

PV = 1

FV = 2

Type = 0

Rate = Rate(Nper, pmt, -pv, fv, type)

Rate = Rate(15.142, 0, -1, 2, 0)

Rate = 4.68%

Rate = 4.68%

PMT = 0

PV = 1

FV = 3

Type = 0

NPER = NPER(rate, pmt, -pc, fv, type)

NPER = NPER(0.04684, 0, -1, 3, 0)

NPER = 24 years

difference between traditional and modern chulo​

Answers

Explanation:

Modern chulos are some of the most beautiful, clean and sleek kitchens ever. These chulos are very much the opposite of a traditional kitchen, due to the fact that everything has its own place. A simple, effective kitchen is the end goal. Modern kitchens often have smart appliances or handless appliances, which helps to contribute to the tidy look. These spaces also have one striking color to contrast the plainer look elsewhere.While,a traditional kitchen sets itself apart due to its classic feel. While it is classic, there are many different ways to put your own spin on it. A lot of real wood used in a traditional kitchen, but with this being said, there can be a massive scale of colors, from pale colors to creams to grays.

The benefits of the improved chulo is to reduce fuel consumption leading to saving in fuel wood.

What is the difference between traditional and modern chulo​?

Modern chulos are some of the most beautiful, clean and sleek kitchens ever. These chulos are very much the opposite of a traditional kitchen, due to the fact that everything has its own place.

On the other hand, a traditional kitchen sets itself apart due to its classic feel. While it is classic, there are many different ways to put your own spin on it. A lot of real wood used in a traditional kitchen.

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What are the depleted amounts of tangible assets and intangible assets known as?

The annual depletion in the value of a tangible asset is known as (operating, amortization, or depreciation) expenses. The intangible assets also diminish in value, and this amount is known as (operating, amortization, or depreciation) expenses.

Answers

Answer:

Depreciation ; amortization

Explanation:

The tangible assets are those assets who are seen and ever touched. For this type of assets, the depreciation expense should be charged while on the other hand the intangible assets are those assets who are not seen not ever touched so for this type of assets the amortization expense should be charged

Therefore the above should be considered

Term review of accounting

Answers

Accounting

Accounting is an art of identifying, measuring, recording, classifying, Summarising, helps in analysis & interpretation of the financial data.

Branches of accounting

Financial accountingCost accountingManagement accounting

Objectives of accounting

Maintaining accounting recordsDetermining profit or lossDetermining Financial position Facilitating managementProtecting business assets

Advantages

Replaces memoryFacilitates loansEvidence in courtHelps in partnership accountsHelps in decision making

Limitations

Accounting is not exactUnrealistic informationAccounting ignores the qualitative elementsAccounting ignores the effect of price level changesAccounting may lead to window dressing

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Features, Advantages and disadvantages free market economy?

Answers

Answer:

Advantage: Absence of Red Tape.

Advantage: Freedom to Innovate.

Advantage: Customers Drive Choices.

Disadvantage: Limited Product Ranges.

Disadvantage: Dangers of Profit Motive.

Disadvantage: Market Failures

Explanation:

hope it helped some :)

What is a building?? How are they made???

Answers

Answer:

j.....what kind of question is this 0-0

Explanation:

a building is a building and its made by extras making it 0-0

What is insurance????????

Answers

Answer:

it is when you can go to the doctors and you have to pay 1,000

Explanation:

Answer:

g

Explanation:

2. Make a list of information areas that the individuals who join foreign
employment should know or understand.​

Answers

Answer:

Going from one country to another country for job and to earn money is called foreign employment. People of Nepal go to different countries of the world for jobs and earning. It uplifts the life standard of the people and has become an important source of earning foreign currency.

Explanation:

Source: Tommy Stubbington and Ben​ Edwards, open double quoteU.K. to Repay First World War ​Bonds,close double quote Wall Street Journal​, October​ 31, 2014. A few years ago the British government was considering​ retiring, or buying back from​ investors, some outstanding consols that had annual coupons of pound60. A consol​ is:

Answers

Answer:

Follows are the solution to this question:

Explanation:

Its console shall be coordinated effort mutual funds which do not grow at all, and in every year they create a corrected degree of interest, that's why Its bond paying a fixed rate of the coupon but not maturing.

[tex]\text{Consolation price} =\frac{\text{Set amount of coupon}}{\text{Return Rate}}[/tex]

                            [tex]= \frac{35}{2.5\%} \\\\ = \frac{35\times 100}{2.5} \\\\ = \frac{35\times 1000}{25} \\\\ = \frac{7\times 1000}{5} \\\\ = 7\times 200 \\\\= 1400[/tex]

It's the price that the government needs to offer shareholders.

There are 8 kinds of sewing machine. Are all of them are used for constructing a garment? Why?

Answers

no, they can be used for mechanical uses

list and explain the types of
automatic feeders



please will give brainliest to urgent answers​

Answers

Answer:

Six Types of Feeder Systems for Automated Assembly

Step feeder: used to feed small cylindrical or spherical parts.

Elevator feeder: able to feed simple parts at varying rates.

Flex feeder: uses vision-guided robots for part selection.

Linear feeder: the system uses vibrations to move parts.

Centrifugal feeder: a modular feeder that is adaptable for different parts.

Andrew Bogut just received a signing bonus of 1,000,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually.


a) If Bogut plans to establish the AB Foundation once the fund grows to 1,999,000, how many years until he can establish the foundation?


b) Instead of investing the entire 1,000,000, Bogut invests 300,000 today and plans to make 9 equal investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the 1,999,000 foundation at the end of 9 years.


Show what n, i, pmt, fv, pv would be and what journal entry would be

Answers

Answer:

a) If Bogut plans to establish the AB Foundation once the fund grows to 1,999,000, how many years until he can establish the foundation?

future value = present value x (1 + i)ⁿ

$1,999,000 = $1,000,000 x (1 + 8%)ⁿ

1.08ⁿ = 1.999

n = log 1.999 / log 1.08 = 9 years

b) Instead of investing the entire 1,000,000, Bogut invests 300,000 today and plans to make 9 equal investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the 1,999,000 foundation at the end of 9 years.

future value of $300,000 = $300,000 x 1.08⁹ = $599,701

you need to save $1,999,000 - $599,701 = $1,399,299

FVIFA, 8%, 9 periods = 12.488

annual savings = $1,399,299 / 12.488 = $112,051.50

Which are examples of a service business? (Check all that apply)
Ford Dealership
Southwest Airlines
Procter & Gamble
McDonalds

Answers

Answer: Southwest Airlines, Ford Dealership & McDonalds

Explanation: For ex, airlines, banks, electronic support providers, law firms, plumbing repair companies, movie theaters, and managing management consulting firms are pure service companies. Foodservice McDonald's outlets. In more than 100 countries worldwide, these restaurants offer a diverse, but small value list.

Walter opens a motorcycle repair shop where he will not only repair motorcycles, but will also offer custom paint jobs, accessories and some t-shirts. When Walter opened his business, his primary objective was to:

Answers

Make a profit...............

Based on your communications, you have established a list of decision criteria: marginal costs, adoption of synthetic components, estimated shipping costs, top note integrity, and base note integrity. How would you order the importance of the items on the list?


The number in parentheses indicates the relative weights for each factor.


A higher number indicates that an item is more important; a lower number indicates a factor is less important.

Answers

Answer: higher number indicates that an item is more important; a lower number indicates a factor is less important.

Explanation:

In order to order the importance of the items on the list, a higher number indicates that an item is more important while a lower number indicates a factor is less important.

In this case, one has to list the decisions criteria based on their importance. This is regarded as scale of preference in Economics.

Which situation best illustrates the process of capital formation?
A. An accountant tries to avoid spending money whenever possible.
B. An engineer uses part of her salary each month to invest in
stocks.
C. A banker takes out a low-interest loan to buy a new car.
D. A farmer greatly increases his income by selling crops overseas.

Answers

Answer:

B. An engineer uses part of her salary each month to invest in stocks.

Explanation:

The situation that best illustrates the process of capital formation is that an engineer uses part of her salary each month to invest in stocks.

What is capital formation?

Capital Formation is characterized as the portion of a country's present output and imports that is not used or transferred during the reporting period, but instead added to its stock of capital goods.

Total capital formation can be divided into several categories. In the formation of Gross Fixed Capital, An engineer uses part of her salary each month to invest in stocks, is best describes the process of capital formation.

Therefore, option B is correct.

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A 60-year old customer has a 401(k) account with your firm that has $280,000, mainly invested in growth mutual funds. The customer has an elderly widowed aunt who has died, and he estate attorney has contacted him, notifying him that he has been left $100,000 as an inheritance

Answers

Answer:

Money market instruments is the best place for the investment.

Explanation:

Money market instruments are securities that provide businesses, banks, and the government with large amounts of low-cost capital for a short period of  time, less than a year. Most of the money market instruments such as treasury bills, commercial papers, certificate of deposits etc provide fixed returns so this money market instrument is considered the best for investing money for good profit.

A good Business Plan should tell us that our concept will work within ...


A. the market of competing products

B. the market of competing services

C. the market with targeted customers

D. All of these

Answers

Option D. All of these

What does the phrase “last in, first out” mean?

Answers

It’s used to account for inventory. It record the most recent produced items as sold first. It records how the newest item made is the first to be sold. Last in first out is used during inflation as a way to reduce income tax.

Hoped that help sorry if it didn’t

Define problem solving skills and Write its importance.​

Answers

Answer:

Define: Problem solving skills refers to our ability to solve problems in an effective and timely manner without any impediments

Importance: It involves being able to identify and define the problem, generating an alternative solution, evaluating and selecting the alternative, and implementing the selected solution

Problem-solving allows us to identify and capitalize on opportunities in the environment, as well as exert some control over the future. Problem-solving abilities and the problem-solving process are essential components of daily life for both individuals and organizations.

What is the concept of problem-solving?

The act of defining a problem, determining the cause of the problem, identifying, prioritizing, and selecting alternatives for a solution, and implementing a solution is known as problem-solving.

The ability to identify problems, brainstorm and analyze solutions, and implement the best solutions is referred to as problem-solving skills. Problem-solving, which is a common part of most activities, is the process of achieving a desired outcome by overcoming obstacles. Problems that require resolution range from simple personal tasks to complicated problems in business and technology.

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